Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate News & Current Events
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

1,193
Posts
968
Votes
Jim Cummings
  • Residential Real Estate Broker
  • College Station, TX
968
Votes |
1,193
Posts

Harvey Recovery Plan

Jim Cummings
  • Residential Real Estate Broker
  • College Station, TX
Posted

Texas proposes $61 billion Harvey Recovery Plan

HOUSTON (Houston Chronicle) – Governor Greg Abbott and top state leaders proposed a Harvey recovery plan to Washington officials and the Texas legislature Tuesday.

The Rebuild Texas plan is estimated to cost $61 billion. It includes funding for three "coastal spines" to control flooding, new reservoirs, and buyouts of thousands of properties. It mirrors much of a longstanding plan in Harris County to buy out properties in the most flood-prone areas.

About 60 percent of the funding would go to "future proof" flood-prone areas. The rest would fund buyouts and elevating buildings in low-lying regions along the coast.

Recently, the official total Harvey damage estimate was increased to $180 billion. The state's new request for federal funding includes only part of that.

The projects were chosen from a list of needs by county and local officials. It includes U.S. Army Corps of Engineers projects that could mitigate the potential for future storm damage.

The list is not all-inclusive, and other projects could be added down the line. 

Loading replies...